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Victoria Business Park
Roche PL26 8LG St Austell
Ref: 10643

  • 60,009.00 ft² (5,575.02 m²)
  • 8,600,000
  • 5.34 Initial Yield

Description

Description

• Single Let Distribution Warehouse Investment

Investment Summary

  • A new purpose built, high specification parcel depot warehouse
  • Located on Victoria Business Park which offers excellent accessibility
  • Pre-let to DPD Group UK Ltd (D&B 5A1 rating)
  • New unbroken 25 year FRI lease
  • Five yearly upward only rent reviews on a fixed 2.25% a year compounded basis
  • Freehold
  • Site Area of 3.19 hectares (7.89 acres) with only 17% site coverage
  • Practical completion due 13 October 2017, the property will extend to approximately 60,009 sq ft (5,575 sq m)
  • Estimated intial rent £489,825 per annum (£8.15 per sq ft)
  • Offers sought in excess of £8,600,000 (Eight Million, Six Hundred Thousand Pounds). Subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 5.34%

Location

Location

The property is locatedon Victoria Business Park which is situated to the north west of Roche adjacent to the A30 which isthe main arterial route throughCornwall.

The estate incorporates a variety of industrial and food distribution businesses and is popular due to its accessibility. Surrounding occupiers on the estate include Ocean Fish, Mercedes, Conway Bailey Transport, Brakes Fresh FoodsandM Store Self Storage.

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Contact

Contact
Jennie Howells
Oliver Paine
  Details

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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